Denmark: Cheese And Curd Market 2024

Cheese And Curd Market Size in Denmark

The Danish cheese and curd market amounted to $X in 2022, growing by 3.5% against the previous year. Over the period under review, the total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +4.1% against 2018 indices. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Cheese And Curd Production in Denmark

In value terms, cheese and curd production expanded remarkably to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when the production volume increased by 15% against the previous year. Cheese and curd production peaked in 2022 and is likely to see gradual growth in years to come.

Cheese And Curd Exports

Exports from Denmark

Cheese and curd exports from Denmark stood at X tons in 2022, surging by 1.8% on the previous year's figure. The total export volume increased at an average annual rate of +4.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 when exports increased by 12% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, cheese and curd exports expanded remarkably to $X in 2022. The total export value increased at an average annual rate of +3.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 18%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Germany (X tons), Sweden (X tons) and the UK (X tons) were the main destinations of cheese and curd exports from Denmark, together comprising 49% of total exports. The Netherlands, Spain, Finland, Japan, France, Poland, South Korea, Italy, Norway and Greece lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (with a CAGR of +21.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cheese and curd exported from Denmark were Germany ($X), Sweden ($X) and the UK ($X), with a combined 44% share of total exports. Spain, the Netherlands, Finland, Japan, Norway, France, South Korea, Greece, Poland and Italy lagged somewhat behind, together accounting for a further 34%.

South Korea, with a CAGR of +20.3%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average cheese and curd export price stood at $X per ton in 2022, surging by 10% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average export price increased by 13% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+1.5%), while the prices for the other major destinations experienced more modest paces of growth.

Cheese And Curd Imports

Imports into Denmark

In 2022, approx. X tons of cheese and curd were imported into Denmark; surging by 2.3% compared with 2021 figures. The total import volume increased at an average annual rate of +3.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 9.5% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, cheese and curd imports reached $X in 2022. The total import value increased at an average annual rate of +4.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 21%. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

Germany (X tons), France (X tons) and the Netherlands (X tons) were the main suppliers of cheese and curd imports to Denmark, together comprising 55% of total imports. Sweden, Italy, the UK, Poland and Belgium lagged somewhat behind, together comprising a further 35%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +21.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and Italy ($X) constituted the largest cheese and curd suppliers to Denmark, together comprising 49% of total imports. France, Sweden, the UK, Poland and Belgium lagged somewhat behind, together accounting for a further 40%.

In terms of the main suppliers, Poland, with a CAGR of +22.9%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average cheese and curd import price amounted to $X per ton, with an increase of 5.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The pace of growth was the most pronounced in 2013 an increase of 19%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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